28 replies to this topic

[Jnavin]

I like the XAU 145/148 gap fill and the action in gold this morning. I like AEM, TRE, NXG, TGB, RTI and BGO.

[swanstkdh]

sat through crash and long this am. had my scuba gear so OK today.

[dharma]

hey john, where do you think we are in the count on xau/hui. looks like more consolidation/correction! nothing violated so far dharma

[beta]

We're getting the "double-bottom" test --- XAU/HUI must hold levels RIGHT HERE, or else ...

[dougie]

or else.... Janvin did you close those positions out? We 'should' bounce here for a day or two at least, and finally i am seeing some capitulation but not enough to make me step in

[beta]

XAU lost key support @ 144-145. Next stop may be the gapfill @ XAU 138-139. Out of new am positions. Waiting for 5-8% lower prices.

[SilentOne]

We are probing for a short term bottom here with divergences set up on 1-min through hourlies. To put in more than 5 down days on a big decline like this would be very unusual. We are due to bounce. I bought the close for the second day in a row having to close positions taken yesterday (for losses) only to buy today's finish. The only problem is today's candle looks ugly. Gap fill at 139-140? cheers, john

[swanstkdh]

Man I am glad to hear from you. I am underwater and out of air. I got way to enthusiastic with the ski stuff and stopped thinking for myself. Now hoping to break even or close. I do not know how much of a bounce we can have but this has been brutal for the smaller miners like TGB. So it is really good to hear your input. Thanks-Swan.

[Jnavin]

I'm buying slowly, one position at a time. A gap fill at 139/140 seems likely. I'm hanging with what I've got and buying more. Note that a few of the metals did not put in lower lows: BGO and TIE, for example.

[Trend-Shifter]

$675.00 is still the magic number. Came down close and turned around.